Managing Director, Zero One, Zero One

Vincent Fernando, CFA

20 years of experience researching capital markets in Asia and the USA.

Managing Director, Zero One

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Equity Bottom-Up

<ul>
<li>Micron's recent results, where it showed a major margin slide and swung to a net loss, imply weak results ahead for Nanya Tech.</li>
<li>We believe that Nanya's FY2023E consensus figures are likely to be revised down.</li>
<li>We see more downside risk ahead for Nanya Tech shares, and will await lower levels before buying based on deep-value.</li>
</ul>


Micron's recent results, where it showed a major margin slide and swung to a net loss, imply weak results ahead for Nanya Tech.
We believe that Nanya's FY2023E consensus figures are likely to be revised down.
We see more downside risk ahead for Nanya Tech shares, and will await lower levels before buying based on deep-value.


Nanya Technology: 합의 수치가 너무 높을 가능성이 높고 순손실 가능성도 있음